Whole Life Insurance with Long-Term-Care Rider
You may purchase a whole life policy with no qualifying questions for yourself and your spouse through Allstate. You can select $25,000, $50,000, $80,000 or $100,000 in coverage, and you can cover your spouse for up to 50% of your amount.
Deferred Compensation Plan
This plan offers you the opportunity to defer a portion of your compensation from taxation by investing it in an investment account where it can grow tax-free until you decide to withdraw it.
The plan can help you:
- Defer pretax compensation beyond deferrals allowed in a 401(k) plan.
- Reduce your current taxable income.
- Defer taxes on the earnings credited to your deferrals.
- Plan for retirement and other long-term savings goals in a tax-effective manner.